“World Inequality Report: Fight wealth inequality with taxes”

Further to the article already posted today:

“Income inequality can lead to “catastrophes,” but there are ways to fight it, according to the World Inequality Report. “Everything depends on the choices that will be made,” says renowned economist Thomas Piketty. …

… Government still have tools to fight inequality, such as boosting access to education, improving health policies, environmental protection, setting up “healthy” minimum wage rates, and adopting better representation of workers in corporate governance bodies.

Perhaps most notably, the authorities should establish so-called “progressive” tax systems, that demand people to pay proportionately more tax with accumulation of wealth. The experts also urged called for a new global register of ownership of financial assets to combat tax evasion and money laundering. …”